Randomness, Decisions, and Human Nature
PURPOSE
To gain familiarity with the role of luck in business, finance,
society, and other matters involving randomness.
To understand problems with causation, inference, belief and
knowledge formation.
To identify the presence of situations where deterministic methods
no longer apply.
To make true life decisions under uncertainty, away from textbooks
and formulae.
To understand the various methods to capture and understand
uncertainty, both protect yourself from the bad uncertainty and
benefit from the beneficial one.
To understand the relation between human nature and the perception
of randomness.
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